Cochin International Airport Limited released its financials for FY24

04 September 2024

Cochin International Airport Limited has demonstrated strong financial performance in FY24, with substantial increases in revenue, profitability, and EPS. The modest growth in assets and equity suggests a focus on efficiency and a conservative approach to expanding its asset base. Let's take a look at the financials:

Revenue & Profitability: While on the one hand, CIAL has significantly increased its revenue, growing by nearly 30% compared to the previous fiscal year, increasing from ₹954.83 Cr. to ₹1,233.50 Cr., on the other hand, PAT has increased by 52.9%, showing an even stronger performance in profitability compared to revenue growth.

This is a strong indicator of operational growth or increased business activities while keeping in check the cost. This suggests that CIAL has improved its efficiency as is visible in increased margins.

Earnings Per Share: EPS growth is a good sign for shareholders, as it shows that the value they derive from the company’s earnings is increasing. A 25.8% growth, from ₹7.5 in FY23 to ₹9.5 in FY24 indicates positive returns for investors.

​Total Assets & Equity: There has been a relatively modest growth in total assets (4.2%) from ₹3430.87 Cr. in FY23 to ₹3573.40 Cr. in FY24 & equity (11.9%), from ₹2115.56 Cr. in FY23 to ₹2367.20 Cr. in FY24 respectively.

When compared to revenue and PAT, it suggests that while the company is becoming more profitable, it is not heavily increasing its asset base. On the other hand, the growth in equity is healthy and indicates that the company is reinvesting profits or raising additional capital to strengthen its financial position.

Overall, the company appears to be in a strong financial position, with significant gains in profitability and shareholder value.